Plan Ledger DOL Form 5500 · updated monthly

Hope Health Systems Inc.401(k)

HOPE HEALTH SYSTEMS INC. 401K PLAN · WOODLAWN, MD · plan year 2024

Reported admin expense ratio · 2024
0.94%

Hope Health Systems Inc. reported $12,733 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.38% to 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,569th of 1,671), and 10,543rd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,406,121
Participants with balances153
Active participants122
Employer contributions—
Employee contributions$108,407
Employer contribution per active participant—
Average account balance$9,190
Benefits paid to participants$114,254
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.4M · 153 accts
2023$1.3M · 139 accts
2022$1.1M · 133 accts · $1K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,733
Total administrative$12,733
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$8,643
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$4,090

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG R, Transamerica

This plan has changed recordkeepers within these filings. If you left Hope Health Systems Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$12,733 · 0.94%
2023$20,868 · 1.74%
2022$15,847 · 1.38%
Similar plansHealth Care & Social Assistance · Maryland
Total Care Services Inc MD$1.5M · 1.36%
Interfaith Works, Inc. MD$1.3M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522204645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.